Gulfport Energy Corp. - 2011-03-25

Upsized and priced an underwritten public offering of shares of its common stock. The size of the offering has been increased from the previously announced 4 million shares of common stock to 4.8 million shares at a public offering price of $32 per share, of which 2.4 million shares will be sold by Gulfport and 2.4 million shares will be sold by one of its stockholders.

Gulfport intends to use its net proceeds to fund its pending Utica shale acquisition and for general corporate purposes. Gulfport will not receive any proceeds from the sale of shares of its common stock by the selling stockholder.

Credit Suisse Securities (USA) LLC and Johnson Rice & Co. LLC were joint book-running managers and representatives of the several underwriters for the offering.